Most people have only one business, and it may be that one big hit to this business could be lethal. So what measures can you take to safeguard...
In the past month several major construction firms, Westminster Homes, Cosmopolitan Constructions and Hamra Developments, have gone into liquidation...
With the end of 2011 approaching I wish to highlight the latest trends we are experiencing first hand within our industry. Whilst these developments...
Terms of business, terms of trade, or terms and conditions. However you refer to them, your terms of business are an agreement between you and your...
Set up a credit management policy for your business. Write it down so that your staff are aware of the policy. Be consistent with your application of...
Following on from the management of your debtor ledger is enforcement of your credit management policy. By the time that you have reached step 7,...
It’s common for small business owners to encounter problems with bad debt. In turn, they spend valuable time and effort trying to tackle the issue,...
Following on from the assessment of your client’s ability to meet their commitments, the next task is to effectively manage your client payments (ie....
I would like to remind you the new Personal Property Securities Act (PPSA) legislation comes into effect in 2012. Whilst you may not be affected, we...
Our Credit Management Procedures are intended as a guide for businesses who wish to tighten their procedures to improve their collection rates of...
There are many important components in running a successful business. In our experience one component that is not often managed well by our clients...